Jul 20, 2011 10:00pm PDT
side's rhetoric squares very well with reality. let's get some perspective now from jon corzine, former democratic governor of new jersey, before that a u.s. senator and ceo of goldman sachs. currently he runs an investment firm mf global holdings limited. also carli fiorina, advisor to republican senatorial committee. also former senior campaign adviser to john mccain and before that ceo of hewlett-packard. let me start with you carly. you heard those sound bites. it seems like ending the corporate jet tax hike would be uncontroversial, but it seems like some of your fellow republicans are drawing a hard line on any revenue-raising proposals whatsoever. do you believe we can make a dent without doing that? >> i think first of all with regard to the rhetoric of millionaires and billionaires, the problem is when you look at the fine print what democrats are really talking about is raising taxes on a family that makes $250,000. and if you're a nurse and a fireman raising two kids, you don't feel very wealthy right now. so i think that's the problem. the rhetoric doesn't match the reality.
Jul 10, 2011 10:00am EDT
. jon huntsman hosted meet and greets in florida. the former utah governor calling the $14 trillion debt a cancer in america. in terms of reaching a deal, he said cooler heads would prevail while many candidates have focused their campaign efforts in iowa, huntsman emphasized why he wants to focus on florida. >> if you own florida, you woow the presidency. >> michele bachmann opened her iowa campaign headquarters yesterday. there she told voters not to believe -- saying the government has enough revenue to continue making payments. she also launched the t eed atte president's economic plan. >> we're now two years into president obama's recovery. president obama's recovery has a 9.2% unemployment rate. this is not working for millions of unemployed americans. >> speaking of michele bachmann, there's controversy surrounding a pledge supported by the congresswoman. bachmann signed a marriage vow that's drawn up by the conservative group the family leader which suggested that african-american children may have been better off during slavery. rick santorum also committed to that pledge. the g
Jul 20, 2011 7:00pm PDT
there are going to be folks on both sides. the question is, can you get enough votes? and i think jon is absolutely right. it's critically important that we raise the debt ceiling. i think, however, the president of the united states is not a freshman house republican. >> right. >> and as i said, this deal has been on the table for a long time. this problem has been on the table for a long time. i think we need the president of the united states, the leader of the free world, to step forward and lead here. and i think there will be enough bipartisan support to get a deal done. >> has he not been leading on this? i mean, with regards to his most recent conversations? >> you know, disappointingly president obama put forward a budget in february. this was his opportunity to lead, in my opinion that. budget was voted down 97-0. it tackled entitlement reform not a bit. he gave a wonderful speech in april which the congressional budget office said it couldn't score because there weren't enough specifics. the truth is, the president himself has never put a deal on the table. he's asked other
Jul 6, 2011 12:00pm EDT
. but michele bachmann's gain with 12%. an eight-point jump from the last poll. jon huntsman's not getting much traction. he's trailing with 2%. more bad news for huntsman, his former chief of staff utah congressman is endorsing romney calling him more electable. meanwhile, a couple of other candidates are doubling down on iowa. here's rick santorum on cnbc this week. take a listen. >> it's a big mistake for any candidate to bypass iowa. i think it shows weakness not strength. if you can't compete in the heartland of america, it's a big mistake for governor romney, for governor hundredsman. tim pawlenty is upping the iowa stakes with a huckabee. he's hired sarah huckabee sanders. the daughter of mike huckabee who helped her father win the iowa caucuses back in 2008. in here, inventory can be taught to learn. ♪ machines have a voice. ♪ medical history follows you. it's the at&t network -- a network of possibilities... committed to delivering the most advanced mobile broadband experience to help move business... forward. ♪ our girl's an architect. our boy's a genius. we are awesome parents!
Jul 12, 2011 7:00pm EDT
the "sunday times" of london and his company stock is sinking. how bad will this get? jon stewart and british ex-pass had fun, a lot of fun, actually, with the murdoch story. that's on the "sideshow" tonight. and driving right off the cliff. eugene robin sons, of course he won the pulitzer prizewinning there and ron reagan. and a political fight was quite relatable to real people in the country who don't normally watch political programs like this, but will be very much affected by what we talk about in the next couple of minutes. let's listen to the president. >> can you tell the folks at home that no matter what happens, the social security checks are going to go out on august the 3rd? about $20 billion of social security checks that have to go out the day after the government is supposedly going to go into default. >> this is not just a matter of social security checks. these are veterans checks, these are folks on disability and their checks. they're about 70 million checks that go out. each month. >> can you guarantee as president those checks will go out on august 3rd? >> i cannot guara
Jul 26, 2011 5:00am PDT
of florida, claire mccaskill of missouri, jon tester of montana, ben nelson of nebraska, and sherrod brown of ohio. >>> congressman david wu is confirming that he will not seek reelection next year. this comes as a house ethics committee launches an investigation into an encounter with a teenage girl. there's a report that he left a voice mail at his office accusing him of the unwanted advances. >>> time now 5:19. let's go to sal. he's watching everything including the golden gate bridge. >> we're going to start there because there's a little bit of mist and fog on the bridge there. southbound 101 traffic moves very nicely if you're coming througsouthern marin you shouldn't have any problem. morning commute is going to be okay as well, if you are driving to the bay bridge toll plaza or to the san mateo bridge toll plaza. both of them are pretty good. then off you go on the san mateo bridge if you're driving to the peninsula. looks pretty good, we're off to a nice start. if you happen to be driving into the south bay any time soon we do have a pretty nice commute there, let's go to steve.
Jul 25, 2011 6:00pm PDT
. i want to bring in our capitol hill correspondent jon karl right now. we'll hear from speaker boehner in just a minute and the speaker has already made it clear he can't sign on to the president's grand compromise that would include some tax revenue increases, but now what he is nonowilling to do, the p plan h called for today, is extend th debt limit beyond about six months. >> reporter: that's right, and this comes, george, as the speaker is increasingly confident that he has the votes to pass his plan in the house and, in fact, they believe that will put pressure on the senate to bring it up, so you are right now at a point where the republicans feel maybe for the first time in a while on this that they haha the upper hand here, that they can get through the plan, their r version of th plan, and it would require the president to come back for another debt ceiling early next year. >> the president clearly hoping that by going to the public he'll be able to put pressure on those rubs, but is there a chance it could backfire and unify those house republicans? >> reporter: you'
Jul 27, 2011 3:00pm EDT
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Jul 5, 2011 5:30pm PDT
is kind of late to the game. he delegated this to joe biden. eric cantor, jon kyl left those talks when it became apparent that they weren't making progress. so finally the president took personal ownership and responsibility. i'm glad he did because only he and john boehner and mitch mcconnell are going to be able to leach a deal. there's not much time left to do that. i hope they go big. i hope we take advantage of this opportunity rather than have to deal with a piecemeal approach. >> woodruff: if democrats are prepared to give ground on entitlements on medicare and medicaid why can't republicans give some ground on the question of taxes especially, you know, we're talking about corporate taxes, doing away with tax breaks for people who own private jets? >> we're happy to talk to the president about tax reform, which is a commission, the simpson-bowles commission last december recommended. a lot of that is a good place to have a good extended discussion and to make our tax code flatter, fairer and simpler and also to make our companies more competitive when it comes to job creation h
Jul 7, 2011 5:00am EDT
pawlenty, and jon huntsman all reported about $4 million raised. michele bachmann has not revealed the amount of her contributions so far. and newt gingrich has had a rough second quarter, ending it in the red. the former house speaker is at least a million dollars in debt as he tries to recover from a large chunk of his staff quitting back in june. >>> jury selection for roger clemens' perjury trial enters its second day today. the former cy young award winner is accused of lying about his use of performance enhancing drugs. his former trainer told authorities he personally injected clemens with steroids and human growth hormone. there are some big names on the potential witness list, including former sluggers blairry bonds and mark mcgwire and joe torre, and brian cashman. >>> this morning the founder of pakistan's nuclear weapons program says north korea paid millions of dollars to senior pakistani military officials in exchange for nuclear technology. "the washington post" reports the kickbacks occurred in 1998, and it published a letter describing that secret deal. if it's tru
Jul 19, 2011 3:00am PDT
. in 30 minutes, rupert murdoch and his jon james and rebekah brooks will face questioning from another parliamentary committee. cnn will have this coverage all morning. >> rupert murdoch on the hot seat as he answers questions about what he knew about this growing phone hacking scandal.
Jul 27, 2011 5:00pm EDT
.gton journal" host: we are back live jon hilsenrath of "the wall street journal." taking a look at this week's economic rebound, that is what the- taking a look at weak economic rebound. here is the headline from "the wall street journal" this morning, "companies bracing for the fall." guest: american companies are operating in a very >> they have already been disappointed by what happened in the first half of the year. i've been talking to companies in the last few days. i'm winnebago industries, a rv company, that was expected to have good spending in the first half. this didn't happen. they are back to deciding whether or not to cut back on that. what they don't want right now is uncertainty. that's what we are getting. >> host: you see the ups chief in todays "financial times" the small and mid sized companies that would be using his are pulling back. they are not sure. >> guest: right. this is largely, i think, because of the uncertainty they face. default, downgrade, you never now how investors are going to react. ironically what we have seen, investors have been calm. but the worry i
Jul 15, 2011 7:00am PDT
leader mitch mcconnell and even jon kyl working with house republicans they're negotiating a way to get this through. one way, we're going to raise the debt ceiling. that we know and the rest of this press conference was a little bit about what is it going to look like? how many cuts are going to be involved? how much is the deficit going to get reduced and then a little bit looking back and friday morning quarterbacking. what could have worked and what didn't work. >> chuck todd in the briefing room, well done. over to david gregory across town. david, of course, the unspoken thing in washington. spoken by some, there is this block of republicans in the house that wants none of it and the republican leadership is having a tough time. >> yeah, i think that limits the scope of what's possible here. my reading of what the president is saying is i can take something that we've already agreed to in principaprincipal. we will have that fight in 2012. a lot of 2012 talk in that, brian. what republicans were not willing to do and how they were not willing to lead and where he was. that will be
Jul 6, 2011 12:00pm EDT
on a diet. i'm going to add calories to my excluded food intake." unquote. that was jon stewart. he hit the nail on the head. for sure it's easy to make fun but what the president is trying to do with tax expenditures is no laughing matter. liberals talk about tax expenditures as though they were just getting rid of wasteful spending. first, as a legal matter, tax expenditures are not spending. outlays are checks cut from the treasury department are defined as spending under the congressional budget act. that's what spending is. yet, most tax expenditures only lose revenue and do not include an outlay portion. tax expenditures that only lose revenue contain no spending as defined by the congressional budget act and is scored by the official scorekeepers for congress. the joint committee on taxation and the congressional budget office. and second, as a policy matter twhe comes to tax -- when it comes to tax expenditures, one person's loophole is another person's opportunity to save for college and retirement, finance a home and ties to your -- taoeugts -- tithes to your church. reducing